Enviri Q3 2024 Adj. EPS $(0.01) Misses $0.07 Estimate, Sales $573.627M Miss $613.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enviri (NYSE:NVRI) reported Q3 2024 earnings per share of $(0.01), missing the analyst estimate of $0.07. Sales were $573.627M, below the expected $613.625M, but up 9.35% from last year.
October 31, 2024 | 11:04 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enviri's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $(0.01) versus $0.07 expected, and sales at $573.627M versus $613.625M expected. Despite the miss, sales increased 9.35% year-over-year.
The significant miss on both EPS and sales compared to analyst estimates is likely to negatively impact NVRI's stock price in the short term. However, the year-over-year sales growth of 9.35% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100